Associate, Actuarial Model Production
Job Opportunity: Actuarial Production Associate
Position Summary: Located in the Boston, MA office, this role supports the execution and testing of models, particularly Cash Flow Testing (CFT) models for the Annuity and Life Insurance business. The candidate will manage 2-3 direct reports and collaborate with the Model Production team to execute and test CFT models, review and analyze results. They will work closely with Model Development, the Appointed Actuary, and the CFT team to produce quarterly CFT results.
Responsibilities:
- Lead and perform accurate quarterly Cash Flow Testing Integrate production runs for Retail and Institutional Life & Annuities.
- Prepare input files, execute CFT Integrate runs, validate model inputs and outputs, and perform high-level results analysis.
- Build Cash Flow Testing production control processes.
- Maintain evidence for SOX controls associated with CFT production model runs.
- Test model updates implemented by the Model Development team.
- Provide CFT impacts from model changes and support the review and approval of those changes.
- Support audit and regulatory requests related to CFT Integrate runs.
- Assist the Model Production team with monthly/quarterly GAAP and STAT reporting deliverables.
- Manage 2-3 direct reports.
Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related fields.
- FSA with 5+ years or career ASA with 10+ years of actuarial experience in the life insurance and retirement industry.
- Direct experience with life and annuity products, US Statutory and GAAP valuation.
- Preferred understanding of assets and ALM modeling.
- Required experience with MG-ALFA or other actuarial modeling and valuation software.
- Familiarity with programming languages, mainly VBA and Python.
- Strong communication, technical, and analytical skills.
- Personal accountability for execution of goals and objectives.
- Ability to generate new and unique ideas.
- Positive attitude and strong team player.
If you are a dedicated professional looking to make a significant impact, we encourage you to apply for this exciting opportunity.
FAQs
Congratulations, we understand that taking the time to apply is a big step. When you apply, your details go directly to the consultant who is sourcing talent. Due to demand, we may not get back to all applicants that have applied. However, we always keep your CV and details on file so when we see similar roles or see skillsets that drive growth in organisations, we will always reach out to discuss opportunities.
Yes. Even if this role isn’t a perfect match, applying allows us to understand your expertise and ambitions, ensuring you're on our radar for the right opportunity when it arises.
We also work in several ways, firstly we advertise our roles available on our site, however, often due to confidentiality we may not post all. We also work with clients who are more focused on skills and understanding what is required to future-proof their business.Â
That's why we recommend registering your CV so you can be considered for roles that have yet to be created.Â
Yes, we help with CV and interview preparation. From customised support on how to optimise your CV to interview preparation and compensation negotiations, we advocate for you throughout your next career move.